Bitcoin Nears Potential Bottom, But Demand Conditions Remain Unfavorable: CryptoQuant
While on-chain data suggests an optimistic outlook, demand conditions and net supply expansion suggest otherwise. Historical on-chain data suggest that bitcoin (BTC) may be nearing a bottom in this bear market, but demand conditions signal the asset still has a long way to go. According to this week’s CryptoQuant report, the unfavorable spot and speculative...
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